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Encompass Health Corp（EHC）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是Encompass Health Corp的1.5倍（$2.3B vs $1.5B），PPL Corporation净利率更高（11.3% vs 9.5%，领先1.9%），Encompass Health Corp同比增速更快（9.9% vs 7.2%），Encompass Health Corp自由现金流更多（$116.7M vs $-614.0M），过去两年Encompass Health Corp的营收复合增速更高（8.3% vs 1.0%）
Encompass Health Corp前身为Amcare及HealthSouth，总部位于美国阿拉巴马州伯明翰，是美国规模最大的住院康复服务提供商，在39个州及波多黎各拥有173家住院康复医院，为中风、神经系统疾病、心肺病症、脑损伤等患者提供专业康复诊疗服务。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
EHC vs PPL — 直观对比
营收规模更大
PPL
是对方的1.5倍
$1.5B
营收增速更快
EHC
高出2.7%
7.2%
净利率更高
PPL
高出1.9%
9.5%
自由现金流更多
EHC
多$730.7M
$-614.0M
两年增速更快
EHC
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.3B |
| 净利润 | $146.1M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.7% | 20.3% |
| 净利率 | 9.5% | 11.3% |
| 营收同比 | 9.9% | 7.2% |
| 净利润同比 | 20.8% | 50.3% |
| 每股收益（稀释后） | $1.43 | $0.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EHCPPL
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $2.3B |
净利润EHCPPL
| Q4 25 | $146.1M | $266.0M | ||
| Q3 25 | $126.5M | $318.0M | ||
| Q2 25 | $142.1M | $183.0M | ||
| Q1 25 | $151.5M | $414.0M | ||
| Q4 24 | $120.9M | $177.0M | ||
| Q3 24 | $108.2M | $214.0M | ||
| Q2 24 | $114.1M | $190.0M | ||
| Q1 24 | $112.5M | $307.0M |
营业利润率EHCPPL
| Q4 25 | 16.7% | 20.3% | ||
| Q3 25 | 14.9% | 25.4% | ||
| Q2 25 | 16.2% | 19.9% | ||
| Q1 25 | 16.4% | 26.6% | ||
| Q4 24 | 14.3% | 17.2% | ||
| Q3 24 | 13.6% | 20.6% | ||
| Q2 24 | 14.3% | 20.8% | ||
| Q1 24 | 13.6% | 23.7% |
净利率EHCPPL
| Q4 25 | 9.5% | 11.3% | ||
| Q3 25 | 8.6% | 14.2% | ||
| Q2 25 | 9.7% | 9.0% | ||
| Q1 25 | 10.4% | 16.3% | ||
| Q4 24 | 8.6% | 8.1% | ||
| Q3 24 | 8.0% | 10.3% | ||
| Q2 24 | 8.8% | 10.1% | ||
| Q1 24 | 8.5% | 13.3% |
每股收益（稀释后）EHCPPL
| Q4 25 | $1.43 | $0.35 | ||
| Q3 25 | $1.24 | $0.43 | ||
| Q2 25 | $1.39 | $0.25 | ||
| Q1 25 | $1.48 | $0.56 | ||
| Q4 24 | $1.18 | $0.23 | ||
| Q3 24 | $1.06 | $0.29 | ||
| Q2 24 | $1.12 | $0.26 | ||
| Q1 24 | $1.10 | $0.42 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $72.2M | $1.1B |
| 总债务越低越好 | $2.4B | $18.9B |
| 股东权益账面价值 | $2.4B | $14.9B |
| 总资产 | $7.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.00× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资EHCPPL
| Q4 25 | $72.2M | $1.1B | ||
| Q3 25 | $48.7M | $1.1B | ||
| Q2 25 | $99.1M | $294.0M | ||
| Q1 25 | $95.8M | $312.0M | ||
| Q4 24 | $85.4M | $306.0M | ||
| Q3 24 | $147.8M | $542.0M | ||
| Q2 24 | $154.4M | $282.0M | ||
| Q1 24 | $134.4M | $276.0M |
总债务EHCPPL
| Q4 25 | $2.4B | $18.9B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | $16.5B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益EHCPPL
| Q4 25 | $2.4B | $14.9B | ||
| Q3 25 | $2.4B | $14.4B | ||
| Q2 25 | $2.3B | $14.3B | ||
| Q1 25 | $2.2B | $14.3B | ||
| Q4 24 | $2.1B | $14.1B | ||
| Q3 24 | $2.0B | $14.1B | ||
| Q2 24 | $1.8B | $14.1B | ||
| Q1 24 | $1.7B | $14.1B |
总资产EHCPPL
| Q4 25 | $7.1B | $45.2B | ||
| Q3 25 | $6.9B | $43.9B | ||
| Q2 25 | $6.8B | $42.4B | ||
| Q1 25 | $6.6B | $41.8B | ||
| Q4 24 | $6.5B | $41.1B | ||
| Q3 24 | $6.5B | $40.5B | ||
| Q2 24 | $6.4B | $39.8B | ||
| Q1 24 | $6.2B | $39.6B |
负债/权益比EHCPPL
| Q4 25 | 1.00× | 1.27× | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.14× | 1.17× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.46× | — | ||
| Q1 24 | 1.54× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $346.0M | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $-614.0M |
| 自由现金流率自由现金流/营收 | 7.6% | -26.1% |
| 资本支出强度资本支出/营收 | 14.8% | 49.5% |
| 现金转化率经营现金流/净利润 | 2.37× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $439.2M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流EHCPPL
| Q4 25 | $346.0M | $548.0M | ||
| Q3 25 | $270.8M | $966.0M | ||
| Q2 25 | $270.2M | $602.0M | ||
| Q1 25 | $288.6M | $513.0M | ||
| Q4 24 | $278.8M | $511.0M | ||
| Q3 24 | $267.8M | $781.0M | ||
| Q2 24 | $217.4M | $766.0M | ||
| Q1 24 | $238.8M | $282.0M |
自由现金流EHCPPL
| Q4 25 | $116.7M | $-614.0M | ||
| Q3 25 | $83.7M | $-179.0M | ||
| Q2 25 | $113.3M | $-328.0M | ||
| Q1 25 | $125.5M | $-280.0M | ||
| Q4 24 | $80.1M | $-349.0M | ||
| Q3 24 | $120.3M | $102.0M | ||
| Q2 24 | $60.5M | $96.0M | ||
| Q1 24 | $99.4M | $-314.0M |
自由现金流率EHCPPL
| Q4 25 | 7.6% | -26.1% | ||
| Q3 25 | 5.7% | -8.0% | ||
| Q2 25 | 7.8% | -16.1% | ||
| Q1 25 | 8.6% | -11.0% | ||
| Q4 24 | 5.7% | -15.9% | ||
| Q3 24 | 8.9% | 4.9% | ||
| Q2 24 | 4.6% | 5.1% | ||
| Q1 24 | 7.6% | -13.6% |
资本支出强度EHCPPL
| Q4 25 | 14.8% | 49.5% | ||
| Q3 25 | 12.7% | 51.2% | ||
| Q2 25 | 10.8% | 45.6% | ||
| Q1 25 | 11.2% | 31.2% | ||
| Q4 24 | 14.1% | 39.3% | ||
| Q3 24 | 10.9% | 32.7% | ||
| Q2 24 | 12.1% | 35.8% | ||
| Q1 24 | 10.6% | 25.9% |
现金转化率EHCPPL
| Q4 25 | 2.37× | 2.06× | ||
| Q3 25 | 2.14× | 3.04× | ||
| Q2 25 | 1.90× | 3.29× | ||
| Q1 25 | 1.90× | 1.24× | ||
| Q4 24 | 2.31× | 2.89× | ||
| Q3 24 | 2.48× | 3.65× | ||
| Q2 24 | 1.91× | 4.03× | ||
| Q1 24 | 2.12× | 0.92× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EHC
| Medicare | $1.0B | 66% |
| Medicare Advantage | $243.1M | 16% |
| Managed Care | $160.7M | 10% |
| Medicaid | $47.0M | 3% |
| Other Income Source | $44.8M | 3% |
| Other Thirdparty Payors | $11.2M | 1% |
| Workers Compensation | $7.6M | 0% |
| Patients | $4.6M | 0% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
